Industry Background:
The rise in awareness of gas generators drives the market will help to boost global gas generator market. A gas generator is a device for generating the gas. A gas generator may generate gas by a chemical reaction or from a solid or liquid source when storing a pressurized gas is undesirable or impractical. The upsurge in need of power backup facility, growth in demand for low-cost and diesel-fueled generators and an increase in preference for natural gas-fueled generators drive the market.This growth is primarily driven by Increasing Applications of Industrial Gases across the Global Industrial Sector
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Gas Utilities sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as APR Energy (United States), Siemens Ltd. (Germany), General Electric Company (United States), Aggreko plc (United States), Toshiba Corporation (Japan), Hyundai Heavy Industries Co., Ltd. (South Korea), Mitsubishi Electric Corporation (Japan), Hyosung Corporation (South Korea), Bharat Heavy Electricals Limited (India) and Perkins Engines Company Limited (United Kingdom), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In February 2024,Capital Power Corporation is pleased to announce the closing today of the acquisition by a 50/50 partnership between Capital Power Investments, LLC and an affiliate of a fund managed by BlackRock’s Diversified Infrastructure business (“BlackRock”) of 100% of the equity interests in New Harquahala Generating Company, LLC (the “Harquahala Acquisition”) which owns the 1,092 MW Harquahala natural gas-fired generation facility in Arizona.
In August 2022, Kirloskar Oil Engines has announced the formal launch of its gas-powered generator range. The company said it has always focused on sustainable and customer-centric solutions and along with increasing concerns for sustainability and availability of gas, industry segments were looking to them as leaders of backup power solutions to create alternative fuel-based genset options.
Influencing Trend:
Introduction to Portable Gas Generators across the Developed Economies and Growing Research and Development Investments in Gas Generation Industry
Market Growth Drivers:
Increasing Applications of Industrial Gases across the Global Industrial Sector and Growing Demand for Natural Gases from Residential Sector
Challenges:
Increasing Raw Material Prices might Increase Product Prices
Restraints:
Robust Initial Investments in Installation of Gas Generator and Skilled Workforce required in developing Gas Generators
Opportunities:
Growing Demand for Industrial Gases across the Developing Economies
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Gas Generator Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Gas Generator Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Gas Generator players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Gas Generator Study Sheds Light on
The Gas Generator Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Gas Generator industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Gas Generator industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.